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Title: Latin American History

Essay Details

Subject: History
Author: John W
Date: November 6, 2013
Level: University
Grade: B
Length: 3 / 691
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

The worker and middle classes were growing, creating new ideas and problems. However, the export economies were unstable and even though Latin America was part of the global economy, it was too dependent on foreign capital. Any resources that could have been put into developing new technologies, improving efficiency, or self sustainment were poured into foreign firms and export centers...

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With the Great Depression in 1929, world economic crisis erupted. The Great Depression cut off all forms of foreign interest in Latin America. There was no longer any demand for Latin American exports and all investment was cut off (Cohen). Many large commercial farms went under and there was great over production...

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